GUANGZHOU, China, Nov. 13,
2022 /PRNewswire/ -- MINISO Group Holding Limited
(NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the
"Company"), a global value retailer offering a variety of
design-led lifestyle products, today announced its unaudited
financial results for the first quarter of fiscal year 2023 ended
September 30, 2022.
Financial Highlights for the First Quarter of Fiscal Year
2023 ended September 30, 2022
- Revenue was RMB2,772.4
million (US$389.7 million),
representing an increase of 4.5% year over year and 19.6% quarter
over quarter.
- Gross profit was RMB988.6
million (US$139.0 million),
representing an increase of 35.7% year over year and 28.1% quarter
over quarter.
- Gross margin was 35.7%, compared to 27.4% in the same
period of 2021 and 33.3% in the previous quarter.
- Operating profit was RMB509.5
million (US$71.6 million),
representing an increase of 138.6% year over year and 87.3% quarter
over quarter.
- Profit for the period was RMB404.1 million (US$56.8
million), representing an increase of 161.5% year over year
and 93.9% quarter over quarter.
- Adjusted net profit(1) was RMB417.4 million (US$58.7
million), representing an increase of 126.6% year over year
and 87.3% quarter over quarter.
- Adjusted net margin(1)was 15.1%, compared to
6.9% in the same period of 2021 and 9.6% in the previous
quarter.
Notes:
|
(1) See the sections
titled "Non-IFRS Financial Measures" and "Reconciliation of
Non-IFRS Financial Measures" in this press release for more
information.
|
Operational Highlights for the First Quarter of Fiscal Year
2023 ended September 30, 2022
- Number of MINISO stores was 5,296 as of
September 30, 2022, increasing by 425
stores year over year and 97 stores quarter over quarter,
respectively.
- Number of MINISO stores in China was 3,269 as of
September 30, 2022, increasing by 234
stores year over year and 43 stores quarter over quarter,
respectively.
- Number of MINISO stores in overseas markets was 2,027 as
of September 30, 2022, increasing by
191 stores year over year and 54 stores quarter over quarter,
respectively.
- Number of TOP TOY stores was 109 as of September 30, 2022, increasing by 37 stores year
over year and 12 stores quarter over quarter, respectively.
The following table provides a breakdown of the number of MINISO
and TOP TOY stores as well as their year-over-year and
quarter-over-quarter changes as of the relevant dates:
|
As of
|
|
|
September
30,
2021
|
June 30,
2022
|
September
30,
2022
|
YoY
|
QoQ
|
Number of MINISO
stores(2)
|
4,871
|
5,199
|
5,296
|
425
|
97
|
China
|
3,035
|
3,226
|
3,269
|
234
|
43
|
—Directly operated
stores
|
4
|
14
|
19
|
15
|
5
|
—Third-party
stores
|
3,031
|
3,212
|
3,250
|
219
|
38
|
Overseas
|
1,836
|
1,973
|
2,027
|
191
|
54
|
—Directly operated
stores
|
128
|
133
|
131
|
3
|
(2)
|
—Third-party
stores
|
1,708
|
1,840
|
1,896
|
188
|
56
|
Number of TOP TOY
stores(3)
|
72
|
97
|
109
|
37
|
12
|
—Directly operated
stores
|
6
|
7
|
8
|
2
|
1
|
—Third-party
stores
|
66
|
90
|
101
|
35
|
11
|
Notes:
|
(2) "MINISO
stores" represent any of the offline stores operated under the
"MINISO" brand name, including those directly operated by the
Company, and those operated by third parties under the MINISO
Retail Partner model and the distributor model.
|
(3) "TOP TOY stores"
represent any of the offline stores operated under the "TOP
TOY" brand name, including those directly operated by the Company,
and those operated by third parties under the MINISO Retail Partner
model.
|
Mr. Guofu Ye, Founder, Chairman,
and Chief Executive Officer of MINISO, commented, "We kicked off
fiscal year 2023 with an encouraging set of results headlined by
strong margin performance. In spite of the short-term headwinds
brought on by the pandemic in China, we remained focused on our long-term
strategic goals: delivering on our globalization strategy,
bolstering the strength of our product offerings and optimizing our
store network. These efforts are yielding positive results, and we
continued to see our overseas operations move further along the
path of recovery. I am especially pleased to report that our margin
profile continued to beat expectations, with adjusted net profit
increasing by 127% year-on-year to RMB417
million in the September quarter, and adjusted net margin
reaching its highest ever level at 15.1%."
"On November 11, China's National Health Commission released a
new set of refined pandemic prevention and control policies which
are more scientific and more precise. I believe that under the
guidance of these new policies, the offline retail industry will
see new opportunities for recovery and growth. We remain optimistic
about our revenue and profit growth potential. Our positive outlook
is based on our long-term confidence in China's economic development, our steadfast
commitment to our vision for the offline retail business, and our
determination to achieve a truly global reach." Mr. Ye
continued.
Mr. Saiyin Zhang, Chief Financial
Officer and Executive Vice President of MINISO, commented, "Gross
margin for the September quarter reached 35.7%, a record high for
MINISO Group and an increase of more than 800 basis points from
27.4% in the same quarter of last year, thanks to our solid
execution of MINISO's brand upgrade, our strong bargaining power
and the steady recovery of overseas markets."
"Looking forward into the December quarter, we expect our
overseas markets will continue to grow strongly. Meanwhile, our
margin profile will improve on a year-on-year basis as we
successfully execute our brand upgrade, see steady recovery in the
overseas market, and break even on our directly-operated overseas
business. Our financial strategy will remain disciplined in terms
of budgeting, cost controls, and allocation of capital, as we focus
on the consistent delivery of solid financial performances." Mr.
Zhang concluded.
Recent Developments
Impact of COVID-19
The COVID-19 pandemic continued to impact the Company's
operations and results in the quarter ended September 30, 2022, mainly in China.
Pandemic prevention and control measures remained in effect
across China throughout the
quarter. During the peak summer sales season of July and August,
when the pandemic situation was relatively stable, our GMV
recovered to about 95% of the levels from the same period of last
year. In September, pandemic outbreaks in major cities such as
Shenzhen and Chengdu negatively impacted our GMV, which
reached about 80% of the level from September of last year. During
the quarter, an average of 2%, 5% and 7% of stores were unable to
operate due to the pandemic in July, August and September,
respectively. Excluding the affected stores, we estimate that
average GMV per store from July to September were about 85%, 90%
and 80% of the levels from the same periods last year,
respectively. Going into the quarter ending December 31, 2022, the COVID situation remains
uncertain, with regional outbreaks continuing to impact our
operations. To cope with this uncertainty, the Company will rely on
contingency planning to remain nimble and ready to pivot with
changing market conditions.
GMV of MINISO stores in overseas markets in the September
quarter increased by 41% year over year, and have recovered to more
than 95% of the level in the same quarter of 2019. With more and
more overseas markets having lifted their pandemic control
measures, the Company currently expects the sales recovery in
overseas markets to continue.
Unaudited Financial Results for the First Quarter of Fiscal
Year 2023 ended September 30,
2022
Revenue was RMB2,772.4
million (US$389.7 million),
representing an increase of 4.5% year over year, primarily driven
by a 47.6% year-over-year growth of revenue from overseas markets,
partially offset by a 8.8% year-over-year decrease of revenue from
China.
Revenue from China was
RMB1,852.3 million (US$260.4 million), compared to RMB2,030.8 million in the same period of 2021.
The year-over-year decrease was (i) primarily driven by a decrease
in revenue from the MINISO brand from RMB1,866.5 million to RMB1,700.4 million (US$239.0 million), as a result of the resurgence
of COVID-19 in China in the
September quarter, and (ii) partially offset by a year-over-year
increase of 13.3% in revenue from the TOP TOY brand. For more
information on the composition and year-over-year change of
revenue, please refer to the "Unaudited additional information" in
this press release.
Revenue from overseas markets was RMB920.2 million (US$129.4
million), accounting for 33.2% of our total revenue and
representing an increase of 47.6% year-over-year. The increase was
primarily due to a year-over-year increase of 9.7% in average store
count and a year-over-year growth of 34.6% in average revenue per
MINISO store in overseas markets.
Cost of sales was RMB1,783.9
million (US$250.8 million),
representing a decrease of 7.4% year over year, mainly attributable
to the savings measures we adopted to reduce the cost of certain
products.
Gross profit was RMB988.6
million (US$139.0 million),
representing an increase of 35.7% year over year.
Gross margin was 35.7%, compared to 27.4% in the
same period of 2021. The year-over-year increase was primarily
attributable to (i) the increase in revenue contribution from
international operations, which typically have higher gross margin
than domestic operations, from 23.5% in the same period of 2021 to
33.2% in this quarter, (ii) higher gross margin contributed by
newly launched products in relation to our execution of strategic
brand upgrade of MINISO in China,
and (iii) the savings measures we adopted to reduce the cost of
certain products.
Other income was RMB6.4
million (US$0.9 million),
compared to RMB16.1 million in the
same period of 2021.
Selling and distribution expenses were RMB381.3 million (US$53.6
million), representing an increase of 11.9% year over year.
Excluding share-based compensation expenses, selling and
distribution expenses were RMB372.6
million (US$52.4 million),
representing an increase of 15.5% year over year. The
year-over-year increase was primarily attributable to (i) increased
rental and related expenses, (ii) increased personnel-related
expenses, and (iii) increased licensing expenses in relation to our
enlarged IP product offerings, partially offset by reduced
promotion and advertising expenses due to our deferred marketing
activities in China to tackle the
resurgence of COVID-19.
General and administrative expenses were RMB167.6 million (US$23.6 million), representing a decrease of
20.7% year over year. Excluding share-based compensation expenses,
general and administrative expenses were RMB163.2 million (US$22.9
million), representing a decrease of 18.4% year over year.
The year-over-year decrease was primarily due to decreased
personnel-related expenses.
Other net income was RMB64.0
million (US$9.0 million),
compared to RMB33.6 million in the
same period of 2021. Other net income mainly consists of net
foreign exchange gain, investment income from wealth management
products and others. The year-over-year increase was mainly
attributable to a net foreign exchange gain of RMB52.3 million in this quarter, compared to
RMB4.3 million in the same period of
2021, which was partially offset by a decrease in investment income
from wealth management products as a result of reduced
principal of such products.
Operating profit was RMB509.5
million (US$71.6 million),
representing an increase of 138.6% year over year.
Profit for the period was RMB404.1
million (US$56.8 million),
representing an increase of 161.5% year over year.
Adjusted net profit(1), which represents
profit for the period excluding equity-settled share-based payment
expenses, was RMB417.4 million
(US$58.7 million), representing
an increase of 126.6% year over year.
Adjusted net margin(1) was 15.1%,
compared to 6.9% in the same period of 2021.
Basic and diluted earnings per American Depositary Share
("ADS") were RMB1.32 (US$0.19) in this quarter, compared to basic and
diluted earnings per ADS of RMB0.50 in the same period of 2021. Each ADS
represents four of the Company's ordinary shares.
Adjusted basic and diluted net earnings per
ADS(1) were both RMB1.36 (US$0.19)
in this quarter, compared to RMB0.60 in the same period of 2021.
Notes:
|
(1) See the sections titled
"Non-IFRS Financial Measures" and "Reconciliation of Non-IFRS
Financial Measures" in this press release for more
information.
|
As of September 30, 2022, the
combined balance of the Company's cash, cash equivalents,
restricted cash, term deposits, and other investments amounted to
RMB6,007.2 million (US$844.5 million).
Conference Call
The Company's management will hold an earnings conference call
at 7:00 A.M. Eastern Time on Monday,
November 14, 2022 (8:00 P.M. Beijing
Time on the same day) to discuss the financial results. The
conference call can be accessed via the following zoom link or by
dialing the following numbers:
Access 1
Zoom link:
https://dooyle.zoom.us/j/88478292986?pwd=RTVoazJkQytrWnl5R1FkOTBFdlkyUT09
Meeting Number: 884 7829 2986
Meeting Passcode: 9896
Access 2
Listeners may access the call by dialing the following numbers
with the same meeting number and passcode with Access 1.
United States Toll
Free:
|
833 548 0276 (or +1 646
518 9805)
|
Mainland China Toll
Free:
|
400 182 3168 (or 400
616 8835)
|
Hong Kong, China
(Charge Fees):
|
+852 5803 3730 (or +852
5803 3731)
|
United Kingdom (Charge
Fees):
|
+44 203 481 5237 (or
+44 131 460 1196)
|
France (Charge
Fees):
|
+33 1 7037 9729 (or +33
1 7037 2246)
|
Singapore (Charge
Fees):
|
+65 3158 7288 (or +65
3165 1065)
|
Canada (Charge
Fees):
|
+1 438 809 7799 (or +1
204 272 7920)
|
Access 3
Listeners can also access the meeting through the Company's
investor relations website at http://ir.miniso.com/.
A replay will be available approximately two hours after the
conclusion of the live event at the Company's investor relations
website at http://ir.miniso.com/.
About MINISO Group
MINISO Group is a global value retailer offering a variety of
design-led lifestyle products. The Company serves consumers
primarily through its large network of MINISO stores, and promotes
a relaxing, treasure-hunting and engaging shopping experience full
of delightful surprises that appeals to all demographics.
Aesthetically pleasing design, quality and affordability are at the
core of every product in MINISO's wide product portfolio, and the
Company continually and frequently rolls out products with these
qualities. Since the opening of its first store in China in 2013, the Company has built its
flagship brand "MINISO" as a globally recognized retail brand and
established a massive store network worldwide. For more
information, please visit https://ir.miniso.com/.
Exchange Rate
The U.S. dollar (US$) amounts disclosed in this press release,
except for those transaction amounts that were actually settled in
U.S. dollars, are presented solely for the convenience of the
readers. The conversion of Renminbi (RMB) into US$ in this press
release is based on the exchange rate set forth in the H.10
statistical release of the Board of Governors of the Federal
Reserve System as of September 30,
2022, which was RMB7.1135 to
US$1.0000. The percentages stated in
this press release are calculated based on the RMB amounts.
Non-IFRS Financial Measures
In evaluating the business, MINISO considers and uses adjusted
net profit, adjusted net margin, adjusted basic and diluted net
earnings per share and adjusted basic and diluted net earnings per
ADS as supplemental measures to review and assess its operating
performance. The presentation of these non-IFRS financial measures
is not intended to be considered in isolation or as a substitute
for the financial information prepared and presented in accordance
with IFRS. MINISO defines adjusted net profit as profit for the
period excluding equity-settled share-based payment expenses.
MINISO calculates adjusted net margin by dividing adjusted net
profit by revenue for the same period. MINISO computes adjusted
basic and diluted net earnings per ADS by dividing the adjusted net
profit attributable to the equity shareholders of the Company by
the number of ADSs represented by the number of ordinary shares
used in the basic and diluted earnings per share calculation on an
IFRS basis. MINISO computes adjusted basic and diluted net earnings
per share in the same way it calculates adjusted basic and diluted
net earnings per ADS, except that it uses the number of ordinary
shares used in the basic and diluted earnings per share calculation
on an IFRS basis as the denominator instead of the number of ADSs
represented by these ordinary shares.
MINISO presents these non-IFRS financial measures because they
are used by the management to evaluate its operating performance
and formulate business plans. These non-IFRS financial measures
enable the management to assess its operating results without
considering the impacts of the aforementioned non-cash and other
adjustment items that MINISO does not consider to be indicative of
its operating performance in the future. Accordingly, MINISO
believes that the use of these non-IFRS financial measures provides
useful information to investors and others in understanding and
evaluating its operating results in the same manner as the
management and board of directors.
These non-IFRS financial measures are not defined under IFRS and
are not presented in accordance with IFRS. These non-IFRS financial
measures have limitations as analytical tools. One of the key
limitations of using these non-IFRS financial measures is that they
do not reflect all items of income and expense that affect MINISO's
operations. Further, these non-IFRS financial measures may differ
from the non-IFRS information used by other companies, including
peer companies, and therefore their comparability may be
limited.
These non-IFRS financial measures should not be considered in
isolation or construed as alternatives to profit, net profit
margin, basic and diluted earnings per share and basic and diluted
earnings per ADS, as applicable, or any other measures of
performance or as indicators of MINISO's operating performance.
Investors are encouraged to review MINISO's historical non-IFRS
financial measures in light of the most directly comparable IFRS
measures, as shown below. The non-IFRS financial measures presented
here may not be comparable to similarly titled measures presented
by other companies. Other companies may calculate similarly titled
measures differently, limiting the usefulness of such measures when
analyzing MINISO's data comparatively. MINISO encourages you to
review its financial information in its entirety and not rely on a
single financial measure.
For more information on the non-IFRS financial measures, please
see the table captioned "Reconciliation of Non-IFRS Financial
Measures" set forth at the end of this press release.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "potential,"
"continue" or other similar expressions. Among other things, the
quotations from management in this announcement, as well as
MINISO's strategic and operational plans, contain forward-looking
statements. MINISO may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC") and The Stock Exchange of Hong Kong
Limited (the "HKEX"), in its annual report to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements
about MINISO's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: MINISO's
mission, goals and strategies; future business development,
financial conditions and results of operations; the expected growth
of the retail market and the market of branded variety retail of
lifestyle products in China and
globally; expectations regarding demand for and market acceptance
of MINISO's products; expectations regarding MINISO's relationships
with consumers, suppliers, MINISO Retail Partners, local
distributors, and other business partners; competition in the
industry; proposed use of proceeds; and relevant government
policies and regulations relating to MINISO's business and the
industry. Further information regarding these and other risks is
included in MINISO's filings with the SEC and the HKEX. All
information provided in this press release and in the attachments
is as of the date of this press release, and MINISO undertakes no
obligation to update any forward-looking statement, except as
required under applicable law.
Investor Relations Contact:
Raine Hu
MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039
Eric Yuan
Christensen Advisory
Email: miniso@christensencomms.com
Phone: +86 1380 111 0739
MINISO GROUP HOLDING
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
|
(Expressed in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at
|
|
As at
|
June
30,
2022
|
September
30,
2022
|
(Audited)
|
(Unaudited)
|
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
ASSETS
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
|
Property, plant and
equipment
|
|
419,894
|
|
429,795
|
|
60,420
|
Right-of-use
assets
|
|
2,342,589
|
|
2,341,049
|
|
329,100
|
Intangible
assets
|
|
43,066
|
|
37,701
|
|
5,300
|
Goodwill
|
|
19,388
|
|
20,010
|
|
2,813
|
Deferred tax
assets
|
|
154,333
|
|
154,103
|
|
21,663
|
Other
receivables
|
|
28,274
|
|
23,365
|
|
3,285
|
Prepayments
|
|
201,682
|
|
201,407
|
|
28,313
|
|
|
|
|
|
|
|
|
|
3,209,226
|
|
3,207,430
|
|
450,894
|
|
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
|
Other
investments
|
|
210,523
|
|
240,770
|
|
33,847
|
Inventories
|
|
1,188,095
|
|
1,316,363
|
|
185,051
|
Trade and other
receivables
|
|
1,056,198
|
|
1,105,479
|
|
155,406
|
Cash and cash
equivalents
|
|
5,348,492
|
|
5,388,177
|
|
757,458
|
Restricted
cash
|
|
32,376
|
|
29,677
|
|
4,172
|
Term deposits
|
|
236,878
|
|
348,549
|
|
48,998
|
|
|
|
|
|
|
|
|
|
8,072,562
|
|
8,429,015
|
|
1,184,932
|
|
|
|
|
|
|
|
Total
assets
|
|
11,281,788
|
|
11,636,445
|
|
1,635,826
|
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
|
Share
capital
|
|
92
|
|
95
|
|
13
|
Additional paid-in
capital
|
|
7,982,824
|
|
8,015,098
|
|
1,126,744
|
Other
reserves
|
|
993,307
|
|
1,026,854
|
|
144,353
|
Accumulated
losses
|
|
(1,944,581)
|
|
(1,532,947)
|
|
(215,498)
|
|
|
|
|
|
|
|
Equity attributable to
equity
shareholders of the Company
|
|
7,031,642
|
|
7,509,100
|
|
1,055,612
|
Non-controlling
interests
|
|
(4,242)
|
|
(5,829)
|
|
(819)
|
|
|
|
|
|
|
|
Total
equity
|
|
7,027,400
|
|
7,503,271
|
|
1,054,793
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
|
Contract
liabilities
|
|
51,658
|
|
51,112
|
|
7,185
|
Loans and
borrowings
|
|
6,503
|
|
6,712
|
|
944
|
Lease
liabilities
|
|
393,068
|
|
399,050
|
|
56,098
|
Deferred
income
|
|
14,488
|
|
13,648
|
|
1,919
|
|
|
|
|
|
|
|
|
|
465,717
|
|
470,522
|
|
66,146
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
Loans and
borrowings
|
|
445
|
|
454
|
|
64
|
Trade and other
payables
|
|
3,072,991
|
|
2,891,372
|
|
406,462
|
Contract
liabilities
|
|
361,522
|
|
346,728
|
|
48,742
|
Lease
liabilities
|
|
257,997
|
|
266,128
|
|
37,412
|
Deferred
income
|
|
6,295
|
|
6,660
|
|
936
|
Current
taxation
|
|
89,421
|
|
151,310
|
|
21,271
|
|
|
|
|
|
|
|
|
|
3,788,671
|
|
3,662,652
|
|
514,887
|
|
|
|
|
|
|
|
Total
liabilities
|
|
4,254,388
|
|
4,133,174
|
|
581,033
|
|
|
|
|
|
|
|
Total equity and
liabilities
|
|
11,281,788
|
|
11,636,445
|
|
1,635,826
|
MINISO GROUP HOLDING
LIMITED
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
|
|
(Expressed in
thousands, except for per share and per ADS
data)
|
|
|
|
|
|
|
|
Three months ended
September 30,
|
|
|
|
2021
|
|
2022
|
|
(Unaudited)
|
(Unaudited)
|
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
|
Revenue
|
|
2,654,115
|
|
2,772,444
|
|
389,744
|
|
Cost of
sales
|
|
(1,925,672)
|
|
(1,783,865)
|
|
(250,772)
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
|
728,443
|
|
988,579
|
|
138,972
|
|
Other income
|
|
16,076
|
|
6,419
|
|
902
|
|
Selling and
distribution expenses
|
|
(340,809)
|
|
(381,345)
|
|
(53,609)
|
|
General and
administrative expenses
|
|
(211,275)
|
|
(167,626)
|
|
(23,564)
|
|
Other net
income
|
|
33,627
|
|
64,035
|
|
9,002
|
|
Credit loss on trade
and other receivables
|
|
(12,547)
|
|
(554)
|
|
(78)
|
|
|
|
|
|
|
|
|
|
Operating
profit
|
|
213,515
|
|
509,508
|
|
71,625
|
|
Finance
income
|
|
13,057
|
|
32,255
|
|
4,534
|
|
Finance
costs
|
|
(8,809)
|
|
(7,184)
|
|
(1,010)
|
|
|
|
|
|
|
|
|
|
Net finance
income
|
|
4,248
|
|
25,071
|
|
3,524
|
|
Share of loss of an
equity-accounted investee,
net of tax
|
|
(7,891)
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
|
Profit before
taxation
|
|
209,872
|
|
534,579
|
|
75,149
|
|
Income tax
expense
|
|
(55,343)
|
|
(130,435)
|
|
(18,336)
|
|
|
|
|
|
|
|
|
|
Profit for the
period
|
|
154,529
|
|
404,144
|
|
56,813
|
|
|
|
|
|
|
|
|
|
Attributable
to:
|
|
|
|
|
|
|
|
Equity shareholders of
the Company
|
|
152,039
|
|
411,634
|
|
57,866
|
|
Non-controlling
interests
|
|
2,490
|
|
(7,490)
|
|
(1,053)
|
|
|
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
|
|
-Basic
|
|
0.13
|
|
0.33
|
|
0.05
|
|
-Diluted
|
|
0.12
|
|
0.33
|
|
0.05
|
|
|
|
|
|
|
|
|
|
Earnings per
ADS
|
|
|
|
|
|
|
|
(Each ADS represents
4 ordinary shares)
|
-Basic
|
|
0.50
|
|
1.32
|
|
0.19
|
|
-Diluted
|
|
0.50
|
|
1.32
|
|
0.19
|
|
MINISO GROUP HOLDING
LIMITED
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT
OR LOSS AND OTHER COMPREHENSIVE INCOME
|
(Expressed in
thousands)
|
|
|
|
|
|
Three months ended
September 30,
|
|
|
2021
|
|
2022
|
(Unaudited)
|
(Unaudited)
|
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
|
|
|
|
|
|
|
Profit for the
period
|
|
154,529
|
|
404,144
|
|
56,813
|
|
|
|
|
|
|
|
Items that may be
reclassified
subsequently to profit or loss:
|
|
|
|
|
|
|
|
Exchange
differences
on translation of
financial statements of
foreign operations
|
|
7,718
|
|
26,476
|
|
3,722
|
|
|
|
|
|
|
|
Other
comprehensive
income for the period
|
|
7,718
|
|
26,476
|
|
3,722
|
|
|
|
|
|
|
|
Total
comprehensive
income for the period
|
|
162,247
|
|
430,620
|
|
60,535
|
|
|
|
|
|
|
|
Attributable
to:
|
|
|
|
|
|
|
Equity shareholders
of
the Company
|
|
159,700
|
|
432,208
|
|
60,758
|
Non-controlling
interests
|
|
2,547
|
|
(1,588)
|
|
(223)
|
|
|
|
|
|
|
|
|
|
|
MINISO GROUP HOLDING
LIMITED
|
RECONCILIATION OF
NON-IFRS FINANCIAL MEASURES
|
(Expressed in
thousands, except for per share and per ADS
data)
|
|
|
|
|
|
Three months ended
September 30,
|
|
|
2021
|
|
2022
|
(Unaudited)
|
(Unaudited)
|
|
|
RMB'000
|
|
RMB'000
|
|
US$'000
|
|
|
|
|
|
|
|
Reconciliation of
profit for the
period to adjusted net profit:
|
|
|
|
|
|
|
Profit for the
period
|
|
154,529
|
|
404,144
|
|
56,813
|
Add back:
|
|
|
|
|
|
|
Equity-settled
share-based
payment expenses
|
|
29,641
|
|
13,227
|
|
1,859
|
|
|
|
|
|
|
|
Adjusted net
profit
|
|
184,170
|
|
417,371
|
|
58,672
|
|
|
|
|
|
|
|
Attributable
to:
|
|
|
|
|
|
|
Equity shareholders of
the
Company
|
|
181,680
|
|
424,861
|
|
59,725
|
Non-controlling
interests
|
|
2,490
|
|
(7,490)
|
|
(1,053)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net
earnings per
share(4)
|
|
|
|
|
|
|
-Basic
|
|
0.15
|
|
0.34
|
|
0.05
|
-Diluted
|
|
0.15
|
|
0.34
|
|
0.05
|
|
|
|
|
|
|
|
Adjusted net
earnings per
ADS(4) (Each ADS represents 4
ordinary shares)
|
|
|
|
|
|
|
-Basic
|
|
0.60
|
|
1.36
|
|
0.19
|
-Diluted
|
|
0.60
|
|
1.36
|
|
0.19
|
|
|
|
|
|
|
|
Notes:
|
(4) The adjusted basic
and diluted net earnings per share are computed by dividing the
adjusted net profit attributable to
the equity shareholders of the Company by the number of ordinary
shares used in the basic and diluted earnings per share
calculation on an IFRS basis.
|
MINISO GROUP HOLDING
LIMITED
|
|
UNAUDITED ADDITIONAL
INFORMATION
|
|
(Expressed in
millions, except for percentages)
|
|
|
|
|
|
Three months ended
September 30,
|
|
|
2021
|
|
2022
|
|
YoY
|
|
RMB
|
|
RMB
|
|
US$
|
|
Revenue
|
|
|
|
|
|
|
|
Domestic
Operations
|
2,031
|
|
1,852
|
|
260
|
|
(9 %)
|
-MINISO
Brand
|
1,867
|
|
1,700
|
|
239
|
|
(9 %)
|
-TOP TOY
Brand
|
109
|
|
124
|
|
17
|
|
13 %
|
-Others
|
55
|
|
28
|
|
4
|
|
(49 %)
|
International
Operations
|
623
|
|
920
|
|
129
|
|
48 %
|
|
2,654
|
|
2,772
|
|
389
|
|
4 %
|
|
|
|
|
|
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/miniso-group-announces-september-quarter-2022-financial-results-301676517.html
SOURCE MINISO Group Holding Limited